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Pastimes : AC & All Home Appliances
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To: robert b furman who wrote (348)10/9/2018 1:50:42 PM
From: Alan Smithee3 Recommendations

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goldworldnet
locogringo
Pogeu Mahone

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I can't tell you the number of clients I've seen who seem to think trusts have magical properties and are a preferred estate planning vehicle. In some cases they are warranted, but generally, for the run of the mill situation, a will suffices. Also, in my state a Community Property Agreement is a good way to go as between husband and wife. There are also transfer on death deeds that get recorded now. They are fully revocable up until death. Upon death of the grantor, all that needs to be done is to record a certified copy of the death certificate.

Edit: In my state (Washington) there is an outfit in the Spokane area that puts on a dog and pony show selling their estate planning package. It's typically sold to people who don't need it, and involves trusts. The clients get a fancy, fat three ring binder filled with impressive looking paperwork, so they think their $2,500 was well spent. More times than not, they put the book on the shelf and don't follow up on the steps required (such as funding the trust in the first place). The outfit that sells these has its office close to my daughter's house. I drove by it not long ago. It's a nondescript office in a strip mall. A real rip off.
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